Quote:
Originally Posted by jeffrey
I get a lot of weird questions. Believe it or not, some worse than this one and what I've found is that if someone ends up emailing me directly, they are usually serious about the question. They really have nothing to gain when they email other than have their questioned answered or ignored. Unfortunately, I believe that the person was serious, although having a huge misunderstanding of what passive income entails.
He wants the benefits of passive income, but thinks that he can get them without any real work not understanding that in order to create the passive income, it takes a lot of work to earn the money or create the passive income stream. This is an illusion that a lot of people have, just usually not quite to the extent of this guy.
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I use the scooter principle to explain passive income:
passive income is like riding a scooter, first you must work really, really hard at propelling yourself forward, then you retire the effort and allow the momentum of your hard work.....work for you.
You must work hard and save/invest your earnings, and then you retire your efforts, and let your money work for you.
Ray